KUALA LUMPUR, Aug 18 — Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) continuous intervention to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM22.04 billion in the conventional system and RM11.90 billion in Islamic funds.
BNM will conduct three conventional money market tenders of RM1.5 billion for seven days, RM1.0 billion for 14 days and RM500 million for 32 days.
The central bank will also conduct three Qard tenders of RM700 million for six days, RM1.9 billion for seven days and RM1.2 billion for 14 days.
At 4pm, BNM will conduct an up to RM19.0 billion in conventional overnight tender and a RM8.2 billion overnight Qard. — Bernama
